thestatedtruth.com | January 13, 2011
ICI just revised the last two data points of 2010 which were originally inflows, to one outflow and one minimal inflow.  Looking at last week’s flows, the first of the new year 2011 starts with an equity outflow of $4.2 billion and was the largest one week outflow since early October!
thestatedtruth.com | January 12, 2011
In this week’s New Statesman, WikiLeaks founder Julian Assange talks to John Pilger about his “insurance” files on Rupert Murdoch and Newscorp – and which country is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of this week’s New Statesman available on newsstands from tomorrow. Some highlights of the […]
thestatedtruth.com | January 12, 2011
We’ve been talking about this, it’s called food inflation and it’s about to get out of hand over the next year because of adverse weather……Grain prices soared after the USDA made a deep cut in its outlook for global supplies.Â
thestatedtruth.com | January 11, 2011
Rising food inflation sparked violence across the Middle East and South Asia over the weekend. Why?…. Demonstrators were protesting the high cost of staple commodities like sugar, rice and milk.  The outbursts have triggered fears that the world is due for a revisit of the 2008 food protests that rocked many countries. Food prices are now […]
thestatedtruth.com | January 11, 2011
Are they kidding….No!  There are 60,000 pages in the current tax code…..Tax reform anybody? How many college educated people do you know that do their own taxes, let’s rephrase that…how many have a tax professional do the job, go ahead…raise your hands….anybody out there without a hand up? How about that!
thestatedtruth.com | January 11, 2011
LONDON – WikiLeaks will step up its publication schedule of secret documents, founder Julian Assange announced Tuesday, promising more revelations based on the group’s stash of confidential U.S. embassy cables and other leaks. “We are stepping up our publishing for matters related to Cablegate and other materials, “Those will shortly be occurring through our newspaper […]
thestatedtruth.com | January 10, 2011
If this is plan B, inquiring minds wonder what plan C would look like! In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to […]
thestatedtruth.com | January 10, 2011
No change is good,” says a neurosurgeon who treated the congresswoman. Doctors are monitoring her brain for swelling, which usually peaks three days after an injury. Rep. Gabrielle Giffords” condition essentially remained unchanged overnight Sunday, doctors at University Medical Center in Tucson said in a Monday news conference. “No change is good, and we have […]
thestatedtruth.com | January 10, 2011
Push will turn into a shove…..Turn out the lights, the party is over!  Meredith Whitney’s prediction, which everyone was quick to mock and ridicule, is about to come back with a vengeance. State and Local finances are at risk. This idea is likely to pick up steam along the way. Some unpleasant news for pensioned […]
thestatedtruth.com | January 9, 2011
thestatedtruth.com | January 9, 2011
This is why Gold and Silver has been sought by the smart money! Brazil has warned that the world is on course for a full-blown “trade war†as it stepped up its rhetoric against exchange rate manipulation. Guido Mantega, finance minister, told the Financial Times that Brazil was preparing new measures to prevent further appreciation of […]
thestatedtruth.com | January 9, 2011
A second person sought in Tucson shootings is said to be cleared by authorities…..Was cab driver of the shooter. Reporting from Los Angeles and Tucson — The bullet that passed through U.S. Rep. Gabrielle Gifford’s  brain tore through only one hemisphere before exiting, missing the crucial central parts of the brain that control most bodily and […]
thestatedtruth.com | January 9, 2011
Wow….One wonders what kind of semiconductor sensors these were back in the day. The first personal computer wasn’t even invented until 1972, Xerox claims it was a Xerox PARC (ALTO), the Apple verson was invented in 1976, the Apple I, it then became, yep the Apple IIe. So now you know! Signals from seismic sensors left on the […]
thestatedtruth.com | January 9, 2011
Next up, California……Illinois just kicked the can down the road, there is no chance this tax will ever go back to where it was. None, Not’a, Zippo, Zero……You get the point. SPRINGFIELD, Ill. (CBS) – Gov. Pat Quinn and the leaders of both houses of the Illinois General Assembly have agreed on raising the state income […]
thestatedtruth.com | January 8, 2011
We think all would agree, this is a travesty. Our liberties and freedom will become even more compromised as events like these change the landscape around us. Ms. Giffords, 40, who the authorities said was the target of the attack, was said to be in very critical condition at the University Medical Center in Tucson, where […]
thestatedtruth.com | January 8, 2011
Economy on a roll, then a again maybe not…..Dave Rosenberg of Gluskin Sheff  discussed with Barron’s three key current takeaways that prompt current concern. They are: 1. The fact that the workweek remains stuck at 34.3 hours for the third week in a row, and history tells us that hours are a forward-looking barometer of labor demand. 2. State and […]
thestatedtruth.com | January 7, 2011
We’ll drink to that! “It may be surprising to know that drinking 14 drinks per week in a twice-daily fashion can actually reduce your risk of heart disease, whereas having the same 14 drinks over just two days can promote heart disease,” says John Cullen, associate professor at the University of Rochester Medical Center, who […]
thestatedtruth.com | January 7, 2011
The Top 10 Most Affordable Cities In America Forbes.com  Cost-of-Living Rank Unemployment Rank Housing Costs Rank 1. Oklahoma City, Okla. 12 4 2 2. Pittsburgh, Pa. 6 15 1 3. Buffalo, N.Y. 16 9 3 4. Rochester, N.Y. 25 1 8 5. Nashville, Tenn. 3 23 11 6. San Antonio, Texas 19 9 10 […]
thestatedtruth.com | January 7, 2011
Uh….so will this really matter, other then the banks paying a bunch of lobbyists another billion dollars to fix things? Inquiring minds want to know! Wells Fargo & Co. and U.S. Bancorp  lost a foreclosure case in Massachusetts’s highest court that will guide lower courts in that state and may influence others in the clash between […]
thestatedtruth.com | January 7, 2011
Let’s call a spade, a spade. Seriously….this is a “HOT POTATO” to the tenth degree! Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments hung with big municipal debt burdens, saying the Fed had limited legal authority to help. Bernanke: If municipal defaults do become a problem, it would […]
thestatedtruth.com | January 7, 2011
Total consumer credit increased modestly in line with expectations for November while revolving credit decreased by $4.2 billion, and non-revolving credit showed an increase of $1.3 but was down from a higher number of $5.7 billion in October. And…..Lending by the federal government for student loans continued to climb, benefiting from a law passed by Congress that makes the government […]
thestatedtruth.com | January 7, 2011
Geez, didn’t the government say things were getting better in the economy…..Well yes, if you are a “have”, but the “have nots” don’t seem to be seeing any improvement at all. Â
thestatedtruth.com | January 6, 2011
CNBC interviews PIMCO’s Bill Gross……….Bill says that U.S. incomes will lag both commodity prices and Gold as U.S. debt rises about a trillion dollars every 12 months and debt to GDP rises above the 90-95% level in the next few years.
thestatedtruth.com | January 6, 2011
Rick’s Picks Thursday, January 6, 2011 “Phenomenally accurate forecastsâ€Â                                   (Cam Fitzgerald posted the following essay in the Rick’s Picks forum, but I am presenting it as a guest commentary because it discusses the all-too-real implications of America’s economic crisis so bluntly. Many of you, even the pessimists, will be troubled by this grim jeremiad, and […]
thestatedtruth.com | January 5, 2011
I never new….as the old saying goes! From The Guardian: The abundance of four common species of bumblebee in the U.S. has dropped by 96% in just the past few decades, according to the most comprehensive national census of the insects [a three-year study published in the Proceedings of the National Academy of Sciences]. *** […]
thestatedtruth.com | January 5, 2011
We have noticed the same kind of thing recently with a variety of products from yogurt to crackers and potato chips…..It’s the old candy bar trick all over again. Two months ago Zero Hedge first touched upon the topic of relative “value deflation” whereby prices for products are kept constant, even as the actual product provided […]
thestatedtruth.com | January 5, 2011
According to just released Census Bureau data, in 2009 total state revenue fell by 31%, from $1.6 trillion to $1.1 trillion. “The large decrease in total revenue was mainly caused by the substantial decrease in social insurance trust revenue. Social insurance trust revenue is made up of four categories — public employee retirement, unemployment compensation, workers […]
thestatedtruth.com | January 5, 2011
CLEVELAND — With a deep, refined voice, one that had been sadly misplaced, Ted Williams simply asked for help to get him off the streets. He’s been heard. Left homeless after his life and career were ruined by drugs and alcohol, Williams has been offered a job by the NBA’s Cleveland Cavaliers and is being […]
thestatedtruth.com | January 5, 2011
Global food prices hit a record high in December and are favored to continue rising in the year ahead due to inclement weather.  Can food riots that broke out around the world when prices last surged in 2008 be far behind?
thestatedtruth.com | January 4, 2011
House Republican leaders said Tuesday that highway and mass-transit programs should no longer be shielded from budget cuts! It immediately drew fire from the states, and the U.S. Chamber of Commerce. Republican House Speaker John Boehner and his leadership team will start work Wednesday to make good on promises to cut $100 billion or more from annual federal […]
thestatedtruth.com | January 4, 2011
China’s growth between now and 2015 is going to be epic, and many industries focusing on the consumer are going to benefit, according to Credit Suisse. The top 5 growth industries through 2015 are: E-Commerce (set to grow 400%!) Outstanding Corporate Bonds Life Insurance Wealth Management Personal Computer Sales Industries like footwear sales and healthcare […]
thestatedtruth.com | January 3, 2011
The backlash is coming,…front row, center court! From The Wall Street Journal….. Illinois lawmakers are considering sweeping legislation that would link teacher tenure to student test scores, make it easier to fire ineffective teachers and curb teachers’ right to strike. The measure, debated during a Senate panel hearing Monday, moves Illinois to the forefront of […]
thestatedtruth.com | January 3, 2011
Sounds like maybe The IRS needs some new computers, those Sperry Univac’s have to be getting kind of old…..Hmm, just kidding sort of! NEW YORK (CNNMoney) — Itemize your tax deductions? Itching for a refund? You’re going to have to wait. The IRS said that it needs until mid- to late-February to reprogram its processing […]
thestatedtruth.com | January 2, 2011
The United States and its leaders are stuck in what is called a predicament. They need the economy to improve in order to generate jobs, but the economy can only improve if people have jobs…. They need the economy to recover in order to improve our deficit situation, but if the economy really recovers long term […]
thestatedtruth.com | January 2, 2011
Here in lies the problem….Fred Siegel, a historian at the conservative-leaning Manhattan Institute, has written of the “New Tammany Hall,†which he describes as the alliance between public officials and labor. “Public unions have had no natural adversary; they give politicians political support and get good contracts back,†“It’s uniquely dysfunctional.†In California, pension costs […]
thestatedtruth.com | January 2, 2011
It should be a national law that the IDIOTS running things at least understand basic math! If so, we wouldn’t be in this mess now. This sets the table…..you can’t go back to 2008 spending levels and still see growth in the economy. Plain and simple! On the other hand, we can never grow our […]
thestatedtruth.com | January 1, 2011
TrimTabs’ Charles Biderman reviews fund flows below….says this will end badly once QE2 ends unless we have endless quantitative easing  forever! Hmm, endless QE, now there’s an idea that only the government could conceive of! Equity fund flows were mixed. Global equity funds posted a respectable inflow of $87 billion in 2010, up modestly from $62 billion in […]
thestatedtruth.com | January 1, 2011
The question is, if consumption drops 5%, where is the growth going to come from? Doesn’t that mean that somebody else needs to raise consumption? Well, yes…..Whom might that be, inquiring minds want to know! Maybe the usual suspects, China, India, Brazil etc….then again will that make up for the U.S. and Europe drop because of austerity measures….um, […]
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